History Of Company

A M Naik
L&T: Chairman & Managing Director
L&T Infotech: Chairman

Mr. A.M. Naik mirrors the values of the organizations he heads - professionalism, dynamism and high ethical values.

He joined L&T as a Junior Engineer in 1965, and was rapidly given positions of increasing responsibility. He was appointed Managing Director & Chief Executive Officer of L&T on April 28, 1999. On December 30, 2003, he was appointed Chairman and Managing Director of L&T. He successfully led the Company through some of its most challenging times, and enabled it to emerge stronger each time.

His broad global perspective has seen the Company expand its horizons beyond domestic borders, and position itself to become a global player.

Mr. A.M. Naik heads an organisation that is among the most admired companies in India, reputed for the technological excellence that characterises its projects and products, for its contribution to the development of indigenous engineering capabilities and, for its inherent professionalism and value systems.

Y M Deosthalee
L&T: Whole-time Director & Chief Financial Officer
L&T Infotech: Director

Mr. Y.M. Deosthalee is a qualified Chartered Accountant and holds a degree in law. He joined Larsen & Toubro Limited in 1974 and has been with the company since then. In March 1995, he was appointed on the Board of Directors of Larsen & Toubro Limited as Sr.Vice President (Finance). He is currently designated as the Chief Financial Officer of the Company.

His portfolio includes Finance & Accounts, Personnel & HR and Information Technology.

Mr. Deosthalee is also on the Board of several Subsidiary & Associate Companies of the L&T Group of Companies. He is the the Founding Trustee of the newly formed L&T Public Charitable Trust, a major CSR initiative of the Company.





R N Mukhija
L&T: Whole-time Director & President (Electrical and Electronics)
L&T Infotech: Director

Mr. R. N. Mukhija is President (Operations) & Member of the Board of Larsen & Toubro Limited, Mumbai. As a whole time director on the board, he is involved in policies and strategy formulation, projecting L&T's capabilities to external stakeholders, business community and society, liaison with Government agencies at Ministerial level for policies affecting L&T. He is a member of the Investors' Grievance Committee.

He is in-charge of the company's Electrical & Electronics Division, which has six Businesses namely Electrical Standard Products (ESP), Electrical Systems & Equipment (ESE), Petroleum Dispensing Pumps (PDP), Metering & Protection Systems (MPS), Medical Equipment & Systems (MED), and Control & Automation (C&A). These business units are located in different locations like Mumbai, Mysore, Faridabad, Ahmednagar, Coimbatore and Wuxi (China).

As the head of the Electrical & Electronics Division, he is involved in strategy formulation and ensuring implementation of periodic plans. He is presently steering the Division to a high growth path with an emphasis on exports, performance excellence, HR initiatives & IT strategy. For most of the businesses, leadership position & high Brand Equity have been created in the domestic market where he has played & continues to play a significant role.





V K Magapu
L&T: Whole-time Director & Senior Executive Vice President (IT & Technology services)

Mr. Vijay Kumar Magapu, Whole-time Director & Member of the Board, Larsen & Toubro Limited (L&T) is the Director of Larsen & Toubro Infotech Ltd, the wholly-owned subsidiary of L&T.

Under his leadership, L&T Infotech adopted an aggressive business development drive that resulted in key strategic alliances and the establishment of multiple Offshore Development Centers for global clients. He was also responsible for several initiatives to secure quality certifications and assessment levels that are among the most sought after in the IT industry.

In his capacity as L&T's Chief Information Officer and e-Commerce Officer, Mr. Magapu helped to devise and implement IT strategies across the Company.

Mr. Magapu joined L&T as a Graduate Engineer Trainee in 1966, and rapidly rose to assume positions of responsibility in materials management, production planning, design and various functions in marketing. In 1985, Mr Magapu took charge of L&T's newly set up Hazira Works and oversaw the development and expansion of this heavy engineering complex. Later, he was elevated to the post of Executive Vice President responsible for the Company's power project business before being appointed Chief Executive of Larsen & Toubro Infotech Limited in 2000.

An alumnus of IIT, Chennai, Mr. Magapu holds a Masters Degree in Mechanical Science from the University of Calgary, Canada. He possesses valuable international experience in various roles such as international marketing, HRD and personnel and technology consulting.

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History

Established in 1981, Infosys is a NASDAQ listed global consulting and IT services company with more than 103,000 employees. From a capital of US$ 250, we have grown to become a US$ 4 billion company with a market capitalization of approximately US$ 14 billion.

In our journey of over 25 years, we have catalyzed some of the major changes that have led to India's emergence as the global destination for software services talent. We pioneered the Global Delivery Model and became the first IT company from India to be listed on NASDAQ. Our employee stock options program created some of India's first salaried millionaires.

Read more about the defining moments in Infosys' history.

Milestones

1981

• Infosys is established by N. R. Narayana Murthy and six engineers in Pune, India, with an initial capital of US$ 250
• Signs up its first client, Data Basics Corporation, in New York

1983

• Relocates corporate headquarters to Bangalore

1987

• Opens first international office in Boston, US

1993

• Introduces Employee Stock Options (ESOP) program
• Acquires ISO 9001/TickIT certification
• Goes public

1994

• Moves corporate headquarters to Electronics City, Bangalore. Opens a Development Center at Fremont

1995

• Opens first European office in the UK and Global Development Centers at Toronto and Mangalore. Sets up e-Business practice

1996

• The Infosys Foundation is established

1997

• Opens an office in Toronto, Canada
• Infosys is assessed at CMM Level 4

1998

• Starts enterprise solutions (packaged applications) practice

1999

• Touches revenues of US$ 100 million. Listed on NASDAQ
• Infosys becomes the 21st company in the world to achieve a CMM Level 5 certification
• Opens offices in Germany, Sweden, Belgium, Australia, and two development centers in the US
• Infosys Business Consulting Services is launched

2000

• Touches revenues of US$ 200 million
• Opens offices in France and Hong Kong, a global development center in Canada and UK, and three development centers in the US
• Re-launches Banks 2000, the universal banking solution from Infosys, as Finacle™

2001

• Touches revenues of US$ 400 million. Opens offices in UAE and Argentina, and a Development Center in Japan
• N. R. Narayana Murthy is rated among Time Magazine/CNN's 25 most influential businessmen in the world
• Infosys is rated as the Best Employer by Business World/Hewitt

2002

• Touches revenues of US$ 500 million
• Nandan M. Nilekani takes over as CEO from N.R. Narayana Murthy, who is appointed Chairman and Chief Mentor
• Opens offices in The Netherlands, Singapore and Switzerland
• Sponsors secondary ADS offering
• Infosys and the Wharton School of the University of Pennsylvania set up The Wharton Infosys Business Transformation Awards (WIBTA)
• Launches Progeon, offering business process outsourcing services

2003

• Establishes subsidiaries in China and Australia
• Expands operations in Pune and China, and sets up a Development Center in Thiruvananthapuram

2004

• Revenues reach US$ 1 billion
• Infosys Consulting Inc. is launched

2005

• Records the largest international equity offering of US$ 1 billion from India
• Selected to the Global MAKE Hall of Fame

2006

• Infosys celebrates 25 years. Revenues cross US$ 2 billion. Employees grow to 50,000+
• N. R. Narayana Murthy retires from the services of the company on turning 60. The Board of Directors appoints him as an Additional Director. He continues as Chairman and Chief Mentor of Infosys

2007

• Infosys crosses revenues of US$ 3 billion. Employees grow to over 70,000+
• Kris Gopalakrishnan, COO, takes over as CEO. Nandan M. Nilekani is appointed Co-Chairman of the Board of Directors
• Opens new subsidiary in Latin America
• Reports Q2 revenue of over US$ 1billion

2008

• Infosys crosses revenues of US$ $ 4.18 billion. Employees grow to over 90,000+
• Reports Q4 revenue of US$ 1,142 million

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